Retail Sales Forecasting and Stock Management
In any retail business, stock and rental are the two most expensive elements. We offer accurate sales forecasting and optimal inputs of stock to achieve these sales. We advise on correct space allocations and placement into stores to ensure that we get the best return on every square meter rented.
A merchandise hierarchy is the starting point of a strategy and will likely be in place for many years. It allows categorisation of product at various levels depending on the amount of data you wish to incorporate. Attributes are used to define product for planning and reporting purpose. It is key to organisation, planning and analysis of the merchandise strategy and the results achieved.